Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

Bank of England's Bailey Warns of Coming Regulatory 'Wrestle' With US Over Stablecoin Standards

GateNews
According to Reuters, Bank of England Governor Andrew Bailey warned Friday that international regulators face a "coming wrestle" with the U.S. government over stablecoin standards. Bailey, who also chairs the Financial Stability Board, flagged that some U.S. stablecoins cannot be readily converted to dollars without routing through crypto exchanges, potentially limiting convertibility during a crisis. If dollar-pegged stablecoins become widely used for cross-border payments, Bailey argued, a crisis could trigger users to flee to jurisdictions with stricter redemption rules. "We know what would happen if there was a run on a stablecoin — they'd all turn up here," Bailey said, highlighting the risk to UK financial stability.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

05-09 23:51
ECB Governing Council Member Escrivá Flags AI Risks to Financial Infrastructure on May 9
05-09 22:07
SEC Chair Atkins Proposes New Rulemaking for Onchain Markets and Software Applications on Friday
05-09 20:25
BoE's Bailey Warns of U.S. Stablecoin Regulatory Conflict, Flags 40% Reserve Gap on Friday
05-09 19:55
U.S. Senators Reach Stablecoin Compromise, Boosting Crypto Bill Passage Odds to 60%
05-09 04:51
Bank of Canada Targets Mid-to-Late 2027 for Stablecoin Regulation Framework Launch
In-Depth Analysis

Bank of England Governor Bailey: The UK and US stablecoin rules are about to “square off,” warning that a bank run will come to the UK

ChainNewsAbmedia05-10 00:30

SEC Chair Atkins Calls for New Rulemaking on Onchain Market Structures

Crypto Frontier05-09 05:45
Comment
0/400
No comments